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Chile share of mined supply
68% ex-US, 2025E
Japan a further 26%
SQM realised price
$73.4/kg, Q2 26
+2.6% y/y, a record
US import unit value
$68/kg, 2025E
+115% vs 2020
Market demand
~40,000t, 2026E
+3% to 4% y/y
Next price print
Nov2026
SQM third-quarter results
Highlights
  • Iodine is a small market, about 40,000 tonnes a year S, and concentrated: Chile mined 23,000 tonnes in 2025, 68% of world output outside the United States P, and one Chilean company holds about 37% of world sales S. Almost a third of demand is X-ray contrast media, the dye injected for CT scans.
  • Unlike helium, iodine has usable free prices. Four public series, from US customs, a spot survey and two producers' accounts, sit between $68.0 and $74.7 per kilogram, a spread of 9.8% KR. That is close enough for a buyer to benchmark a contract without a paid subscription.
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